April 8 (Renewables Now) - The Church Pension Fund (CPF), a financial services organisation serving the US-based Episcopal Church, has invested USD 40 million (EUR 35.6m) in clean energy assets, it said last week.
Specifically, the funds were invested in the New Energy Capital Infrastructure Credit Fund II, run by alternative asset manager New Energy Capital Partners LLC (NEC). In turn, the NEC fund will invest in North American clean energy infrastructure assets, which will include wind and solar power, energy efficiency, storage and water.
CPF has made socially responsible investments (SRI) in 25 countries, balancing risk-adjusted returns with positive social impact.
(USD 1.0 = EUR 0.89)